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Search Results 0 to 10 of about 11 (some duplicates have been removed)
CSPAN
Dec 5, 2012 6:00am EST
higher incomes. significant increases in both are scheduled. as you think about the fiscal cliff and what is coming, one of the few places you can see people responding to it is in their behavior around capital gains and dividends. companies are moving up to how, shareholders take a vintage of a lower rate. i expect you will see more investors realize lower capital gains in order to get lower rates. there is clearly money there. there is clearly money that has interesting, distributional characteristics. that tends to be money that comes from higher income folks. as you think about the political process trying to structure when a package with a revenue goal and a distribution goal, my prediction is you will see at least some of those increases occur. i personally would be surprised if the dividend rate went back up to ordinary rates. the senate would allow it to stay at the capital gains rate, and go it to 15% to 20%. the president initially proposed cutting dividends they the same as capital gains. -- proposed letting dividends stay the same as capital gains. my guess would be that that is where we end
CSPAN
Dec 12, 2012 6:00am EST
the fiscal cliff at all. this fiscal cliff is about other things. there are a number of things that need be addressed. this discussion really is not about the fiscal cliff, per cent. congress and the president can come together quickly and pass a bill that would put off the fiscal cliff, he there for some large amount of time or even indefinitely. it really is about making a down payment on closing deficits in the future. i would say it is also really about the president's campaign not this -- not just this past election but his first election to hike taxes on the successful. we have to see some real leadership on the longer-term budget unsustainable issues. what we do not need is negotiating in the political theater. when we see that stop, that we know we will be serious about whether we will resolve the fiscal class -- cliff and have some large down payment. when it comes to republicans and conservatives, there are three things to bearer in mind. one is the house republicans they were elected to cut spending and not raise taxes. that is one of the reasons it is hard to move toward. -- for word. there are a number of revenues that would be acceptable to conservatives. the first one is one that speaker boehn
CSPAN
Dec 11, 2012 8:00pm EST
, sequestration or the fiscal cliff. coming back to the fiscal cliff, let's take up one of the very big programs and i'm not talking about the department of defense, which is one of the major expenditure items but that's not the subject for tonight. tonight, the subject is medicare and medicaid. the medicare program is a big one and it certainly is a program that's expensive and is a program that has grown on the average faster than inflation. but in the last two years, that's not the case. and we'll discuss that in more detail later. in fact, medicare has fallen below the general rate of health care inflation. let's talk about what we can do about medicare instead of saying what we ought not do, we are going to start this discussion talking about what we can do and the president has put out several ideas that deserve the attention of the 435 members of this house and the 100 senators. because there are things that really can be done immediately to significantly reduce the cost of medicare. just in listening to my colleagues here on the floor discuss the departure of some extraordinary
CSPAN
Dec 12, 2012 1:00am EST
bring on the fiscal cliff. there is a lot of bluster coming from republicans, but that is crumbling quickly. every day, we read about more republicans breaking ranks, calling out the speaker to allow tax rates to rise on the wealthiest. yesterday, it was parker and coburn. today, florida governor haley barbour. he said, "i would take raising rates on the top brackets if, in return, we had tax return." he wants the rates to go up on the top two brackets. as soon as republicans accept reality, middle-class families taxes will not go up. i am confident an agreement can be reached. >> [indiscernible] placeholders and cloture motions? some republicans are saying this is restricting the amendment process, and part of the reason they are threatening to filibuster. why have you chosen to pursues those -- pursue those practices? >> i have explained before, but let me give an example. we have to spend 8 to 10 senate days, a couple of weeks, to get on a bill, because they virtually oppose every time we try to get a bill. that with 10 days. with that 10 days, if we did not have to do that, ther
CSPAN
Dec 6, 2012 1:00am EST
3.8% come january 1. that seems unlikely to be changed as part of the fiscal cliff negotiations. you'll still see that surtax on top of that. host: this from twitter. guest: i leave that as it is. host: is that how much it could go up? guest: yes. host: currently it is 35%. go ahead, mark. caller: the previous caller mentioned capital gains -- the recent point about the medicare surcharge to pay for the affordable care act. if he thought it could be a solution to kill both of those birds with one stone. guest: i'm not a health-care expert. host: no problem. we have this from twitter. guest: i believe that is the case. tom in california, go ahead. caller: i have several issues with the estate tax. i am a farmer if it comes back to the normal 1 million exemptions. we work together to build this estate. it wasn't just my parents but it is in my parents' name. i have to pay tax to something i have contributed to. host: help people understand how farmers fall into this estate tax? how is it your estate is worth more than $1 million? caller: we have about 1,000 acres in sonoma county,
CSPAN
Dec 13, 2012 1:00am EST
one ahead of >> chris van hollen spoke today on the latest fiscal cliff negotiation and the economy. >> congressman van hollen said he was concerned that speaker boehner was stalling. in event comes within three weeks before the bush tax cuts are set to expire and defense spending cuts take effect unless congress and the white house can come to an agreement. >> listen, i'm going be really brief in my opening remark. i think the president and the democrats have two objects as we approach the fiscal cliff. number one, we're trying to accelerate what remains a fragile economy. number two, come up with a balanced approach to long-term deficit reduction. we have to deal with the long- term deficit reduction for a long-term economic growth. a balanced plan means a mix of cuts in revenue. we already agreed to over a trillion dollars in cuts but on top of that, the president proposed additional cuts along with high-income individuals. his plan has been out there, it's on the internet. i know people are asking for specifics, but the reality it is there. in fact, when i made my remark i held up a copy of his plan to remind people it is not that the president doesn't have a republicanthat our coll
CSPAN
Dec 12, 2012 8:00pm EST
the fiscal cliff. number one, we're trying to accelerate what remains a fragile economy. number two, come up with a balanced approach to long-term deficit reduction. we have to deal with the long-term deficit reduction for a long-term economic growth. a balanced plan means a mix of cuts in revenue. we already agreed to over a trillion dollars in cuts but on top of that, the president proposed additional cuts along with high-income individuals. his plan has been out there, it's on the internet. i know people are asking for specifics, but the reality it is there. in fact, when i made my remark i held up a copy of his plan to remind people it is not that the president doesn't have a plan, it's that our republican colleagues may not like it but it is there. so with that i will -- >> let's go around the table. so you're experienced in this, what is the practical deadline for the formulation of a deal, kind of a rough outline if you want to get it done before the year runs out? >> before the end of the year? you have to get something by christmas if up to practically get it done by the end of the
CSPAN
Dec 13, 2012 6:00am EST
to worry about and prepare for? when it comes to actually going over that fiscal cliff? >> by come from a part of south carolina which has been economically challenged for quite a long time and remain so. certain parts of south carolina have developed strongly but the part where i come from, mostly agricultural and a little bit of manufacturing, has a high unemployment and foreclosure rate and people are having a hard time there. i visited a few times since i became chairman. part of the reason that we are engaging these policies is to try to create a stronger economy with more jobs so that folks across the country, including places like where i grew up, will lead more opportunities to have better lives for themselves. that is extremely important and i think it is important that we not just look at the numbers. it is easy to look at the unemployment rate. every tenth means many people are represented there in the numbers. it is important to keep in mind the reality of unemployment -- the foreclosure and weaker wage growth so we tried to do that. it is always a delicate balance but you d
CSPAN
Dec 5, 2012 8:00pm EST
want to get there that way. the same way we do not want to go over the fiscal class. the fiscal cliff is big austerity -- you get $seven trillion in deficit reduction over 10 years. but you do not do it you really want to do it. when it comes to the baseline, you have to work together as part of an agreement to get to the right baseline. that does not mean it is not real world deficit-reduction. it is. does it mean it is better than current law? maybe not. but there is agreement that current law, including the fiscal cliff, is not the best way. >> we have our baseline. deficit to gdp? >> did i say that? >> just to be clear -- if you look to the 10-year period on the current base line and get under 1% deficit to gdp in 10 years -- >> because you get seven years of debt reduction under current law. >> if anyone wants to read more, please read the piece on what it takes. i thank you all for being here today. one reason we have to and is these poor people will be so instrumental in getting us out of this mess that we have to get them back to work. >> we only wish that. >> senators, thank you, congressman, thank you. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite cor
CSPAN
Dec 4, 2012 8:00pm EST
hopefully comes out of the fiscal cliff through their committees to help develop details of how to do tax reform. we lucky to have with us today chairman baucus. he has been thinking about these ideas for quite some time. he has a tremendous amount of expertise. he will talk about where the situation is. thank y thank you, senator. [applause] >> thank you, maya. thank you to everyone for adding this together. very interesting set up. i do not know if there will be darts or spitballs on my back. it is good to be here and help in whatever way i can. first, i would like to commend erskine bowles and simpson further laserlike focus on this . you are engaging the american. you have drawn attention to the fiscal challenges that are threatening our future. many here today are proponents of the simpson-bowles plan. i certainly senator simpson and bowls -- i have served with senator simpson and senator bowles. this report has helped advance the national level and has taken on increasing importance. it should be part of our debt reduction debate. i would like to start this morning by telling
Search Results 0 to 10 of about 11 (some duplicates have been removed)